Thoughts About Energy Generally, and Natural Gas Specifically
Natural gas is currently trading at approximately $2.50-3.00/mmBTU (million British Thermal Units) and oil is approximately $80/BBL (barrel). It takes approximately 5.8 mmBTU of natural gas ($15-17) to provide the same amount of heat as one barrel of oil ($80). Both are fossil fuels, although natural gas is generally viewed as relatively less hazardous to … Continued